Companies

Jeff Bezos vs Mukesh Ambani: Battle royale for India's retail crown

The arbitration proceedings between Amazon and Kishore Biyani have begun in Singapore. Former Attorney General of Singapore, V.K. Rajah concluded arbitration hearing on Friday, October 16 and will deliver his ruling on or before Monday, October 26, sources said.

Oct 20, 2020

Air India facing a very challenging financial situation: Hardeep Puri

In a letter to Rajya Sabha MP Binoy Viswam, Puri provided clarification on Air India's financial condition and the LWP scheme.

Oct 15, 2020

Great news for Infosys employees; salary hike, special bonus, promotions in offing

Software behemoth today reported a 20.6% rise in September-quarter profit, majorly driven by jump in demand for its new-age digital services such as cloud, data and analytics during the pandemic

Oct 14, 2020

Paytm's top-level execs promoted to senior roles, more changes to come | Details

Paytm has set its eyes on IPO sometime in 2022 and is already making some crucial changes at the top-level management to lay a firm structure.

Oct 12, 2020

India's biggest Amazon fulfilment centre inaugurated in K'taka

The expansion in Karnataka is a part of the company's plans announced in July to add 10 new fulfilment centres and expand seven existing sites in the country.

Oct 9, 2020

One-third Indian workers face increased burnout at work: Microsoft

As the work-life balance get blurred globally in the pandemic times, India came out top with over 41 per cent of workers citing the lack of separation between work and personal life negatively impacting their wellbeing, resulting in increased stress levels, a Microsoft study revealed.

Oct 7, 2020

Over 1 lakh kirana stores to take part in Amazon's festive sales

Over 1 lakh Amazon-enabled local shops, kirana and neighbourhood stores across India will serve customers in the upcoming festive season on the e-commerce platform.

Oct 5, 2020

Reliance Retail Ventures attract Rs 1,837 crore investment from TPG

TPG's investment will translate into a 0.41 per cent equity stake in RRVL on a fully diluted basis.

Oct 3, 2020

Silver Lake co-investors buy additional stake in Reliance Retail for Rs 1,875 crore

Reliance Industries Ltd (RIL) and Reliance Retail Ventures Ltd (RRVL) announced on Wednesday that co-investors of Silver Lake will invest an additional Rs 1,875 crore into RRVL, a subsidiary of RIL.

Oct 1, 2020

Remember East India Company? They usurped India once, an Indian owns it now

The company, owned by businessman Sanjiv Mehta, is a luxury food brand today retailing teas, coffees and food items in London.

Oct 1, 2020

Backlash over Reliance Jio's decision to charge voice calls

General Atlantic to invest Rs 3,675 cr in Reliance Retail

US-based private equity firm General Atlantic will invest Rs 3,675 crore for a 0.84 per cent stake in Reliance Retail, the Indian firm said on Wednesday.

Sep 30, 2020

Walmart in talks to invest $25 billion in Tata Group's 'super app'

Walmart Inc is in talks with Tata Group for an investment of up to $25 billion in the Indian salt-to-software conglomerate's new "super app", the Mint newspaper reported on Tuesday, citing people familiar with the matter.

Sep 29, 2020

Amnesty International quits India as funds dry; blames govt witch-hunt

Amnesty International has now shut its operations in India and has levelled serious allegations against the Indian government and calls the government's reprisal of the organisations a 'witch-hunt'

Sep 29, 2020

Vodafone Idea starts upgrading 3G users to 4G in key markets

Vodafone Idea Limited (VIL) said that it has substantially enhanced 4G capacity by consolidating the Vodafone and Idea networks and deployment of latest technologies enabling it to upgrade large chunks of 3G spectrum to 4G.

Sep 27, 2020

Reliance retail sells 1.28% stake to KKR for Rs 5,550 crore, second deal in 2 weeks

Reliance Industries Limited on Wednesday announced that global investment firm KKR will invest Rs 5,550 crore into its subsidiary Reliance Retail Ventures Limited to pick up 1.28 per cent equity in the company.

Sep 23, 2020

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